Least Cost Method in Transportation Problem | Step-by-Step Solution | OR Tutorial
Автор: Math ladder
Загружено: 2026-01-21
Просмотров: 55
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Welcome to Math Ladder!
In this video, we learn how to solve a Transportation Problem using the Least Cost Method (LCM) in a simple and beginner-friendly way. This technique is widely used in Operations Research (OR) to find the Initial Basic Feasible Solution (IBFS) quickly and efficiently.
💡 What you will learn in this video:
✔ What is a Transportation Problem
✔ Concept of Least Cost Method (LCM)
✔ Step-by-step procedure to apply LCM
✔ How to allocate supply and demand using minimum costs
✔ Solved numerical example for full clarity
✔ Common mistakes students make
✔ Important points for university examinations and OR assignments
This video is perfect for students of BBA, B.Com, MBA, Engineering, and all OR-related courses, helping you understand the method clearly and score high in exams.
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